Wednesday, March 23, 2016

03/23/2016 RECAP

WLL / BBG /  LL / SRPT / TSLA

WLL- was hoping for a 8.20s pop, risking 8.30.  I started short when it popped to 8.  added more 8.10, was leaving room for 8.20s.  covered it all 7.80 and .83.  hindsight, missed out on another .40 cents, but given the time and at the time i thought that .80 area would hold and bounce, being a prior area of support. 

BBG- as long as 5.9 remained a top, was sticking with the trade.  i held 500 shares overnight at 5.86 average.  my goal was for a 5.50's wash.  it chopped around all morning, and when it did wash to 5.50's area and not break, took it all off.  ended up trending down to 5.36. 

LL-  was kind of expecting it to have a bigger push out of the gate.  when it failed at 15 and cracked below the 9ema, i shorted a small position (100 shares), risking on the HOD. when it broke 14, took it all off.  again a bit too early, but was happy with my profits from the morning. since yesterday i was overly patient i think i kind of corrected a bit too much in the other direction. 

SRPT- wanted to see 21 become a top, the short pops with my goal being a 20 wash.  started in, and got scared out when it didn't break down.  when 21 failed, ended up getting short again.  took partial into the 1st big wash, then the rest on the 20 break.  ended up fading the rest of the day to 18.21.

AG- only loser today (-$9) kept it small again, and was playing 1200 shares.  i started in with size a bit too early, when it was looking like it would wash right out of the gate.  added near HOD, then scared out into the HOD.  i then waited for a break of the 9EMA and ended up re shorting.  covered it all at the LOD. 

TSLA- when 234 double topped, took 20 shares short to try swinging.  stop was over 234.  the daily chart feels very over extended to me.  goal is to try for a 200 pullback. 










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